[May 28, 2012] Applied Materials Earnings Review: 11 Days after Announcement Shares Up 0.6% (AMAT) Tweet May 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- 11 days ago, on May 17th, 2012, Applied Materials (NASDAQ:AMAT) reported its earnings. Analysts, on average, expected earnings of $0.24 per share on sales of $2.4 billion. Applied Materials actually reported earnings of $0.27 per share on sales of $2.5 billion, beating EPS estimates by $0.03 and beating revenue estimates by $141.2 million. Since the company's report, shares of Applied Materials have risen from $10.48 to $10.54, representing a gain of 0.6% in the past 11 days. Applied Materials share prices have moved between a 52-week high of $13.94 and a 52-week low of $9.70 and are now trading 9% above that low price at $10.54 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.6%. SmarTrend recommended that its subscribers protect gains by selling shares of Applied Materials on April 9th, 2012 by issuing a Downtrend alert when the shares were trading at $11.87. Since that call, shares of Applied Materials have fallen 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]